On May 30, Rand, the founder of the Zama protocol, released the latest statement regarding the freezing of the cUSDC contract. The root cause has been identified; the incident is entirely unrelated to Zama itself or its privacy technology, but stems from an address associated with Overnight Finance that previously deposited approximately $12.5 million in USDC. At that time, the address was not marked on any sanctions list and was not intercepted by KYT tools. However, a U.S. court issued a restraining order last night to freeze the hacker's associated wallet. Since over 99% of the funds in the contract came from this hacker, the court directly requested the freezing of the entire wrapped contract to lock the illicit funds. Zama emphasizes its commitment to a 'compliant and confidential' stance and will not tolerate any illegal activities. Currently, they are communicating with various parties to unfreeze the contract as soon as possible, while also suspending the cUSDC, cUSDT, and cWETH contracts for a thorough investigation. A detailed post-incident analysis and future plans for handling such court requests will be released subsequently.